Friday, August 20, 2010

AP) Chip maker Intel Corp. said Thursday it is buying computer-security software maker McAfee Inc. for $7.68 billion, or $48 per share. The per-share price represents a 60 percent premium over McAfee's Wednesday close of $29.93. McAfee shares surged 58 percent after the deal was announced Thursday to hit $47.42 in premarket trading. Intel shares slipped 2.5 percent to $19.11. Intel, which is based in Santa Clara, Calif., said the deal highlights "that security is now a fundamental component of online computing."